Report: Uber Board Puts Pressure On CEO To Find CFO After Top Candidate Backs Out

NEW YORK, NY – NOVEMBER 09: Dara Khosrowshahi speaks onstage at The New York Times 2017 DealBook Conference at Jazz at Lincoln Center on November 9, 2017 in New York City. (Photo by Michael Cohen/Getty Images for The New York Times)

11:13 AM 05/12/2018

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The top candidate to become the chief financial officer for Uber is reportedly backing out, maintaining a roughly three-year vacancy for the role.

The withdrawal comes as the ride-sharing giant is trying to ready itself for a highly anticipated initial public offering (IPO).

Dara Khosrowshahi, Ubers CEO, was set to hire Zane Rowe, the CFO of VMware, a cloud computing and software company. Rowe, however, is expected to turn down the job, according to The Wall Street Journal, leaving the board and investors eager to find a replacement.

Before going through with the momentous action of placing ones private company on the public stock market, Uber will have to get its finances in order as it reported a considerable loss of $4.5 billion in 2017.

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